Grocery Outlet Holding Corp. (NASDAQ:GO) is reporting third quarter earnings results on Tuesday 10th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.23 per share.
For the full year, analysts predict revenues of $ 3107.44 million, while looking forward to income of $ 1.23 per share.
Previous Quarter Performance
Grocery Outlet Holding Corp. posted income for the second quarter of $ 0.42 per share, from the revenue of $ 803.43 million. The quarterly earnings up 110.00 percent while revenues escalated 28.22 percent compared with the same quarter last year.
According to street consensus, GO was expected to report 2Q20 income of $ 0.23 per share from revenue of $ 781.02 million. The bottom line results beat street analysts by $ 0.19 or 82.61 percent, at the same time, top line results outshined analysts by $ 22.41 million or 2.87 percent.
Stock Performance
Shares of Grocery Outlet Holding Corp. traded low $ -3.11 or -7.02 percent on Monday, reaching $ 41.21 with volume of 1.45 million shares. Grocery Outlet Holding Corp. has traded high as $ 45.78 and has cracked $ 40.01 on the downward trend
According to the previous trading day, closing price of $ 41.21, representing a 57.67 % increase from the 52 week low of $ 28.11 and a 9.31 % decrease over the 52 week high of $ 48.87.
The company has a market capital of $ 3.77 billion and is part of the Consumer Defensive sector and Grocery Stores industry.
Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as grocery, dairy and deli, produce, refrigerated and frozen, floral, beer and wine, general merchandise, and health and beauty care, as well as fresh meat and seafood; and natural, organic, specialty, and healthy products.
